OUR MISSION
Worldwide economists agree that workforce productivity will be the dominant driver of economic growth over the next ten years. While "productivity" as a term has been widely used in the fields of human resources and operations, few corporate leaders can adequately identify what constitutes a productive workforce. Additionally, business lacks complete visibility into how their workforce decisions might impact productive output. For example, current models do not take into account the relationship between training, retention, and attendance.
How we define productivity will greatly impact fiscal and management policy decisions. Expense-driven productivity is based on cutting costs to improve savings and financial benefits, but does not typically improve the value of output. Such a method does not take into account the complex relationship between human capital management and traditional financial metrics. Investing in human capital and restructuring time and workforce development metrics can result in greater revenue gains over time.
According to recent research in workforce satisfaction, 82 percent of employed adults who are satisfied with their current employer agreed that their satisfaction motivates them to go above and beyond their daily job responsibilities. Executives need to have visibility into workforce metrics in the context of other leading operational indicators. Employee attendance, retention and satisfaction can be drivers of sales revenue, product quality, customer satisfaction, and ultimately, financial performance.
Workforce productivity is a driver of financial performance. The Workforce Productivity Technology Council (WorkProTech) has been formed in order to identify and advance best practices and metrics for workforce productivity. WorkProTech is an independent association of corporate and academic leaders with the goal of creating a definitive analytical tool and prescriptive measure for workforce productivity improvement.